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Gates Foundation Sells Off Most Health-Care, Pharmaceutical Holdings
wsjmarkets ^ | AUGUST 14, 2009, 10:06 P.M. ET | JESSICA HODGSON

Posted on 08/15/2009 9:33:00 PM PDT by ckilmer

SAN FRANCISCO -- The Bill and Melinda Gates Foundation, the world's largest private philanthropy fund, sold off almost all of its pharmaceutical, biotechnology and health-care investments in the quarter ended June 30, according to a regulatory filing published Friday.

The Seattle-based charity endowment, set up by Microsoft Corp. founder Bill Gates and his wife, sold its total holding of 2.5 million shares in health-care giant Johnson & Johnson in the quarter, according to the filing.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; Crime/Corruption; Government
KEYWORDS: billgates; biotech; biotechnology; gates; healthcare; healthinsurance; johnsonjohnson; microsoft; obamacare; pharmaceutical; reinvestment; socializedmedicine

1 posted on 08/15/2009 9:33:05 PM PDT by ckilmer
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To: ckilmer

Gates doesn’t want to get caught with worthless OBAMACARE STOCK??


2 posted on 08/15/2009 9:36:15 PM PDT by gwilhelm56 (Orwell's 1984 - To Conservatives, a WARNING - to Liberals, a TEXTBOOK!)
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To: gwilhelm56

you got it.


3 posted on 08/15/2009 9:37:19 PM PDT by ckilmer (Phi)
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To: ckilmer

Did Gates support Obama?


4 posted on 08/15/2009 9:39:03 PM PDT by al baby (Hi Mom ;))
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To: ckilmer
 
 
WHOA
 
 
 

5 posted on 08/15/2009 9:39:55 PM PDT by lapsus calami (What's that stink? Code Pink ! ! And their buddy Murtha, too!)
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To: ckilmer

They are in on something that we peons will find out about later after it’s too late.


6 posted on 08/15/2009 9:41:48 PM PDT by fish hawk (Lord, help us to attain knowledge and the wisdom to apply it toward your ultimate will.)
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To: fish hawk

Yeah, someone with some insight to the inside has smelled blood in the water.


7 posted on 08/15/2009 9:51:08 PM PDT by The Magical Mischief Tour
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To: ckilmer

Obviously Gates thinks Obamacare isn’t going to pass in any form.

We need to be alert. As Dick Morris said, Obama wants this thing passed in ANY form so that once the Act is law, it can be changed through “policy” changes.

Keep fighting !


8 posted on 08/15/2009 9:52:17 PM PDT by kingpins10
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To: ckilmer

What do they know that we don’t?


9 posted on 08/15/2009 9:52:33 PM PDT by mort56 (He who would sacrifice freedom for security deserves neither. - Ben Franklin)
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To: ckilmer

Too much risk going into September when Congress returns from recess.

Sell or short pharma and healthcare stocks because they will be in the cross hairs of Congress and Obama.

Then if the healthcare bill fails, buy back in.

No mystery here. But thanks for posting.


10 posted on 08/15/2009 9:55:49 PM PDT by Hostage
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To: ckilmer

bump


11 posted on 08/15/2009 9:56:21 PM PDT by lowbridge (Obamacare: Pulling the plug on Grandma.)
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To: ckilmer
Bill and Melinda Gates ... sold off almost all of its pharmaceutical, biotechnology and health-care investments in the quarter ended June 30, 2009.

When a multi-billionaire like Bill Gates pulls nearly all of his money out of particular industry sectors, PAY ATTENTION. Bill Gates is very likely in a position to know much more of the internals about Obamacare than most of the general public.


12 posted on 08/15/2009 9:57:05 PM PDT by pyx (Rule#1.The LEFT lies.Rule#2.See Rule#1. IF THE LEFT CONTROLS THE LANGUAGE, IT CONTROLS THE ARGUMENT.)
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To: ckilmer

Attempting to tank the health care market to create a new crisis the government can save us from? After all, you should never let a crisis go to waste.


13 posted on 08/15/2009 9:58:29 PM PDT by RockyMtnMan
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To: ckilmer
Any WEALTHY liberal has NO STAKES in U.S. companies. They KNOW it's a losing proposition. Their WEALTH is OFFSHORE. Soros, Buffet ... they've ALL done it already. Gates is LATE to the wealthy with drawl.
14 posted on 08/15/2009 9:58:33 PM PDT by nmh (Intelligent people recognize Intelligent Design (God).)
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To: pyx

Europe was once a leader in pharmaceuticals till socialized medicine took over.


15 posted on 08/15/2009 9:58:41 PM PDT by ColdWater
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To: ckilmer; jimrob

BTTT


16 posted on 08/15/2009 9:59:06 PM PDT by pyx (Rule#1.The LEFT lies.Rule#2.See Rule#1. IF THE LEFT CONTROLS THE LANGUAGE, IT CONTROLS THE ARGUMENT.)
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To: al baby

Yes, Gates is a LIBERAL and SUPPORTED the Obomination.

This is a CLEAR message to you.

These holdings will be WORTHLESS soon.


17 posted on 08/15/2009 9:59:54 PM PDT by nmh (Intelligent people recognize Intelligent Design (God).)
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To: ckilmer
*DANG!*
Zer0 & his Marxist Acolytes, Won't like this @ all.
...and the U.S. markets...*whistle*

18 posted on 08/15/2009 10:02:46 PM PDT by skinkinthegrass (Zer0 to the voter: "Welcome to 'MY' DeathCARE ® Plan"...Sucker! ...now just die. :^)
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To: al baby

Did Gates support Obama?

I bet he did......what else can you expect from an atheistic, ‘god in his own mind’ type?


19 posted on 08/15/2009 10:05:04 PM PDT by Outlaw Woman (Hey............How's that Hope and Change Thingy workin' for ya?)
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To: ckilmer

What else did they sell?
This may have been in a bundle with a whole lot of other stuff.


20 posted on 08/15/2009 10:07:16 PM PDT by netmilsmom (Psalm 109:8 - Let his days be few; and let another take his office)
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To: nmh

May he rot in hell (Lord forgive me). Scurrying like the freakin’ rat he is. Isn’t it amazing.......we’ve made him one of the wealthiest men in the world. We no longer matter now that he hit the billionaire mark....

He will pay. I wonder what he’ll do when his money become worthless right along with us peons


21 posted on 08/15/2009 10:10:13 PM PDT by Outlaw Woman (Hey............How's that Hope and Change Thingy workin' for ya?)
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To: Outlaw Woman

Obama will be the most HATED President in out history.

He has $$$ but it is OFFSHORE like th erest of the dam liberals.


22 posted on 08/15/2009 10:14:57 PM PDT by nmh (Intelligent people recognize Intelligent Design (God).)
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To: Outlaw Woman

Later, in a broad interview with The Washington Post, Gates also lamented the state of the District’s struggling public schools, which have received hundreds of millions of dollars from his foundation, but had high praise for efforts by Chancellor Michelle A. Rhee.

Gates’s foundation funds charter schools, scholarships and other programs for the city’s poorest students.

“It’s a very hard job, and whether it’s the facilities or the personnel issues, somebody had to come in and really point out that the students are not getting what they deserve,” he said of Rhee. “The irony [is] that it’s almost the highest spending per pupil in the country, and it’s almost the worst set of outcomes of students in the country — and this is the nation’s capital. You’d think that in terms of effective spending of dollars and outcomes, that D.C. would be a model city, and, in fact, it has been the exact opposite.”


23 posted on 08/15/2009 10:15:30 PM PDT by ColdWater
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To: kingpins10
"We need to be alert. As Dick Morris said, Obama wants this thing passed in ANY form so that once the Act is law, it can be changed through “policy” changes."

That's right...let nothing pass.

24 posted on 08/15/2009 10:18:18 PM PDT by blam
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To: Outlaw Woman

“May he rot in hell (Lord forgive me).”

Ditto WITHOUT apology.

Obama is EVIL.

John.7:24

[24] Judge not according to the appearance, but judge righteous judgment.


25 posted on 08/15/2009 10:18:41 PM PDT by nmh (Intelligent people recognize Intelligent Design (God).)
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To: gwilhelm56

he also sold about 75 million in microsoft but so did every other executive. all insiders are selling right now cuz they no collapse is coming!!


26 posted on 08/15/2009 10:21:31 PM PDT by remaxagnt (`)
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To: kingpins10

No, he thinks it will pass. That’s why he sold.


27 posted on 08/15/2009 10:22:48 PM PDT by Royal Wulff
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To: Outlaw Woman

Gates: There’s a lot of merit in the moral aspects of religion. I think it can have a very, very positive impact.

Gates: In terms of doing things I take a fairly scientific approach to why things happen and how they happen. I don’t know if there’s a god or not, but I think religious principles are quite valid.


28 posted on 08/15/2009 10:25:01 PM PDT by ColdWater
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To: ColdWater

Guess it was that way with Bush also.


29 posted on 08/15/2009 10:31:16 PM PDT by fatima (Free Hugs Today :))
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To: ckilmer

Bill must know that health care stocks are gonna tank and he doesn’t want to be left holding the bag when it does - less money for his charity ...


30 posted on 08/15/2009 10:36:15 PM PDT by Lmo56
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To: ckilmer

My guess is that this event will help Obama argue even more that there simply must be a government run Health plan..blah, blah, blah.

Gates is a lib,


31 posted on 08/15/2009 11:04:46 PM PDT by Gator113 (It's about stupidity, stupid. IMPEACH HERE, IMPEACH NOW.)
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To: Lmo56

Warren Buffett (2 ts people) and Gates, both hyper liberals, are joined at the hip and their money is in the same place, Northwestern Mutual. In previous quarters, Buffett sold stock in WellPoint and UnitedHealth so maybe something’s going on, but in the most recent quarter Buffett added Johnson & Johnson and Becton, Dickinson.

Several financial blogs including economicpolicyjournal.com suggest that something bear market this way comes despite all the analysts’ optimism out there. Time to hedge long positions? I would only make such a recommendation to friends.


32 posted on 08/15/2009 11:11:05 PM PDT by ActrFshr
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To: al baby
...the country's two richest men, Warren Buffett and Bill Gates, have already said they will vote for Obama.

Big players support Obama. Apple and Google want to see him as president. Apple founder Steve Jobs appears to be honouring a political tradition, while Google CEO Eric Schmidt announced his support for the Democrat just recently, and even planned to go on the campaign trail for him.


Source
33 posted on 08/15/2009 11:21:12 PM PDT by papasmurf (RnVjayB5b3UsIDBiYW1hLCB5b3UgcGllY2Ugb2Ygc2hpdCBjb3dhcmQh)
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To: ckilmer

Whoah, interesting times indeed.


34 posted on 08/15/2009 11:53:53 PM PDT by MonicaG (Thank you to our military & veterans, with love & gratitude. XOXOXO)
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To: ckilmer

Maybe it’s not a good idea to get caught holding stock in a company that is going to be nationalized.


35 posted on 08/16/2009 1:29:06 AM PDT by Fresh Wind ("Prosperity is just around the corner." Herbert Hoover, 1932)
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To: ckilmer

Wow, healthcare stocks aren’t a value proposition? No kidding! Tell me something I didn’t know. Gates stole his way to success. If he made a good product for once, I’d be impressed.


36 posted on 08/16/2009 1:37:10 AM PDT by FTJM
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To: ckilmer

The real indicator is not what they take their money out of; it is, what they put their money in - to. Another market sector? I’d follow suit... But most likely they are sticking it in the biggest mattress you’ve ever seen.


37 posted on 08/16/2009 2:48:27 AM PDT by CBF ('Behind every blade of grass.' Let the White Suits come. F'n U.N. scum.)
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To: blam

“We need to be alert. As Dick Morris said, Obama wants this thing passed in ANY form so that once the Act is law, it can be changed through “policy” changes.”
That’s right...let nothing pass.

did not know that...


38 posted on 08/16/2009 4:49:02 AM PDT by blueyon (It is worth taking a stand even if you are standing alone!)
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To: pyx

Gates probably did dump the stock in anticipation of Obamacare. But the sale occurred at a time when Obamacare looked inevitable to everyone. We know only that the dump occured between April 1 and June 30. In April, disapproval for Obama’s healthcare proposal was only 30 percent. It was a lock-tight cinch. The dems could ram it through Congress without one R vote, and they were going to have it done by August. Oops!

A hell of a lot has changed since then. The level of public reaction completely blindsided them—and gets worse by the day. Now the Dems can’t even count on their own votes. Whatever internals Gates was privy to at the time of his sale did not include that. Knowledge of his sale provides us only with a snapshot in time—of no more use than a bet on the Superbowl in October, before the favored team starts racking up the injuries.


39 posted on 08/16/2009 5:02:24 AM PDT by Eroteme
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To: Eroteme

I think you have that right. However, its way too soon to say the dems health care bill is dead. I also agree that passage of the healthcare bill in any form is dangerous. It will take an incredible amount of vigilence to keep the dems from passing something that will let the camel’s nose in the door.


40 posted on 08/16/2009 6:31:58 AM PDT by ckilmer (Phi)
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To: Eroteme

I think you have that right. However, its way too soon to say the dems health care bill is dead. I also agree that passage of the healthcare bill in any form is dangerous. It will take an incredible amount of vigilence to keep the dems from passing something that will let the camel’s nose in the door.


41 posted on 08/16/2009 6:32:12 AM PDT by ckilmer (Phi)
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To: long hard slogger; FormerACLUmember; Harrius Magnus; hocndoc; parousia; Hydroshock; skippermd; ...


Socialized Medicine aka Universal Health Care PING LIST

FReepmail me if you want to be added to or removed from this ping list.

**This is a high volume ping list! (sign of the times)**


42 posted on 08/16/2009 8:15:15 AM PDT by socialismisinsidious ( The socialist income tax system turns US citizens into beggars or quitters!)
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To: ckilmer
Does anyone remember who Gates goes to for his Advice?

Raymond Kurzweil

Do you remember Glenn Beck had him on and picked his brain as to the future.

I'd like to hear Ray's take on the direction we are going in vs. what a futurist like himself would like to see it go given medical advancements etc.

43 posted on 08/16/2009 8:22:35 AM PDT by taildragger (Palin / Mulally 2012)
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To: blueyon

absoluitly, if they pass it then they will get whatever they want through small legislation in bills that have nothing to do with health care. they will tie health care into our military bills, anything that is popular.
One step at a time it will be socialized medicine slipped in .. it wont take but a year

KILL THE BILL


44 posted on 08/16/2009 10:04:53 AM PDT by Munz (All tyranny needs to gain a foothold is for people of good conscience to remain silent.)
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